Retirement plan

B & R SUPERMARKET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: B & R SUPERMARKET, INC. - B & R SUPERMARKET, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: B & R SUPERMARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & R SUPERMARKET, INC. 401(K) PROFIT SHARING PLAN AND TRUST, B & R SUPERMARKET, INC.

B & R SUPERMARKET, INC.EIN 59-2389396Plan #001PY 2022

11 N ROYAL POINCIANA BLVD., SUITE 100 - MIAMI SPRINGS, FL 33166305-844-4870LinkedIn201-500 employeesfood & beverages

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$7M

+0.4% from 2021

Total participants

467

+30.1% from 2021

Average account balance

$36,911

-20.2% from 2021

Annual return

-10.13%

-22.19 pp from 2021

Benchmarks

See 1,277 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,277 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$9.81M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$33K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

299

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

39.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$201

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, INC Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$21,632
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 26 701 BRICKELL AVENUE · MIAMI, FL 33131	Advisory (Participants)	$13,699

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$37K

$84 / participant

Investment mgmt$14K37.1%
Contract admin$22K58.6%
Other / not subdivided$2K4.3%

% of EOY assets

0.526%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GERSTLE, ROSEN, & GOLDENBERG, P.A.
Auditor EIN: 650675434
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,911

$42,367-12.9%

$79,580-53.6%

$64,819-43.1%

Participation rate

36.6%

64.7%-28.1pp

69.5%-32.9pp

71.5%-34.9pp

Annual return

-10.13%

-12.23%+2.1pp

0.15%-10.3pp

32.84%-43.0pp

Employer contribution / active EE

$682

$1,181-42.2%

$2,413-71.7%

$2,507-72.8%

Participant deferral / active EE

$1,428

$3,170-55.0%

$3,985-64.2%

$4,311-66.9%

Admin fee / account holder

$194

$160+21.8%

$6,835-97.2%

$188+3.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP, INC

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$21,632

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 26

701 BRICKELL AVENUE · MIAMI, FL 33131

Advisory (Participants)

$13,699

B & R SUPERMARKET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & R SUPERMARKET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion